Lift wreck we hear (5)

I believe the answer is:

raise

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'lift' is the definition.
(I know that lift can be written as raise)

I don't understand how the remainder of the clue works.

(Other definitions for raise that I've seen before include "Care for during childhood" , "jack up" , "Produce" , "Gather" , "Advance" .)

I've seen this clue in The Independent.

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